By Caroline Valetkevitch NEW YORK (Reuters) – U.S. stocks rallied on Friday, led by technology shares to a sharply higher close as investors assessed a jobs report that showed U.S. hiring rose broadly in September with slowing wage growth. The S&P 500 and Nasdaq registered their biggest daily percentage gains since late August, and the …
Indexes end up sharply with tech after strong jobs, slower wage growth Read More »
(Reuters) – The unions representing 53,000 hospitality workers in Las Vegas said on Friday they have seen “no real movement” this week in contract negotiations with casino-resort operators MGM Resorts International and Caesars Entertainment. The Culinary Workers and Bartenders unions are demanding higher wages, stronger protections against new technology that may threaten jobs, a reduction …
Las Vegas hospitality unions see ‘no real movement’ in talks with casinos Read More »
By Lisandra Paraguassu and Fabio Teixeira BRASÍLIA / RIO DE JANEIRO (Reuters) – Brazilian brewery Kaiser, which is owned by Heineken, has been added to the government’s list of companies responsible for labor conditions analogous to slavery, published on Friday. Kaiser was placed on the list for subcontracting Sider, a trucking company that delivered its …
Heineken-owned brewery added to Brazil ‘slave labor’ list Read More »
By Daniel Wiessner (Reuters) – Starbucks Corp must provide U.S. regulators with documents detailing its spending on efforts to discuss unionizing with workers, part of the agency’s probe into whether the coffee chain violated financial disclosure laws, a federal judge has ruled. The decision, which the U.S. Labor Department announced on Friday, requires Starbucks to …
Starbucks must disclose spending on response to union campaign, judge rules Read More »
By Abigail Summerville NEW YORK (Reuters) – Kombucha beverage brewer JuneShine, which counts celebrities like comedian Whitney Cummings and YouTube star Cody Ko among its investors, is exploring a sale with the help of a financial advisor, people familiar with the matter said on Friday. Investment bank Perella Weinberg Partners is advising San Diego-based JuneShine …
Hard kombucha brewer JuneShine explores sale -sources Read More »
By Steve Gorman and Ahmed Aboulenein LOS ANGELES (Reuters) – A 72-hour strike by 75,000 healthcare workers against Kaiser Permanente drew to a close on Friday as both sides in the labor dispute agreed to resume stalled contract talks next week while union officials warned of possible further walkouts to come. Acting U.S. Labor Secretary …
Kaiser healthcare workers’ 3-day strike winds down, parties agree to more talks Read More »
By Michael S. Derby (Reuters) – Federal Reserve Bank of Cleveland President Loretta Mester said Friday that very strong hiring data for last month didn’t change her view on the state of the employment sector, while noting upcoming data will drive her views of whether the Fed needs to hike rates again. “With this one …
Fed’s Mester: Strong jobs data do not change underlying view on hiring Read More »
By Davide Barbuscia and David Randall NEW YORK (Reuters) -The U.S. Treasury yield surge that has shaken markets in recent weeks may have further to run, after a stunningly strong U.S. jobs report bolstered the case for more tightening from the Federal Reserve. Jobs growth for September nearly doubled expectations as nonfarm payrolls increased by …
Treasury yields’ wrecking-ball surge gets fresh fuel after blowout jobs report Read More »
By Howard Schneider and Ann Saphir WASHINGTON (Reuters) -U.S. employers in September turned their back on Federal Reserve officials who have been expecting job growth to cool, adding 336,000 positions in a return to the fevered hiring seen during the coronavirus pandemic and potentially bolstering the case for another interest rate increase. Upward revisions to …
Blowout US job growth pokes hole in Fed’s cooldown narrative Read More »
By David French, Anirban Sen and Sabrina Valle (Reuters) -Exxon Mobil is in advanced talks to acquire Pioneer Natural Resources in a deal that could value the Permian shale basin producer at about $60 billion, people familiar with the matter said on Thursday. The acquisition would be Exxon’s biggest since its $81 billion deal for …
Exxon in advanced talks for $60 billion acquisition of Pioneer – sources Read More »
